Ensure Borrowed Funds Tied To Projects- House of Representatives warns

The House of Representatives has called on the regulators of the Capital Market to ensure that Government borrowing from the market is tied to projects.

The Chairman, House Committee on Capital Market, Mr Tajudeen Yusuf made the call in an interview at the forum organised by the National Assembly Joint Committees of a capital market legislation.

Mr Yususf said this will ensure that borrowed funds were judiciously utilized and the people benefited from the capital market.

Mr Yusuf expressed the commitment of the National Assembly to erecting appropriate laws to deepen the capital market.

The two day forum organised in collaboration with the Securities and Exchange Commission had them “Realizing the full potential of the Nigerian Economy through proactive capital market legislation.